THE CAROLINA ANNUITY A charitable gift annuity is a gift that provides you with income for life – and then provides support for Carolina Athletics after your life. Charitable gift annuities are one of the oldest forms of charitable giving. This gift enables you to receive a fixed income stream and a charitable income tax deduction, while possibly mitigating capital gains tax on the amount of the gift. The Carolina Gift Annuity could be a perfect complement to other sources of income for you. Benefits of the Carolina Gift Annuity
• Receive fixed payments to you or another annuitant you designate for life. • Enjoy diminished taxation on income payments, as a portion of each payment is tax-free. • Mitigate capital gains tax by funding with long-term appreciated stock. • Potentially increase your income from an “underperforming” asset. • Generate a current income tax deduction. Key Features of the Carolina Gift Annuity
• Charitable Gift Annuities have a $20,000 funding minimum. • Annuities run for the lives of one or two income beneficiaries. • After the last beneficiary’s life, the remaining balance goes to work for your designated areas at Carolina – such as in support of student-athletes through The Rams Club. • You can leave a permanent legacy and have an impact beyond your lifetime. Could the Carolina Gift Annuity work for you? The Rams Club and the Office of Gift Planning can help you think through the issues and planning options. Please contact us for a free confidential discussion to learn more.
If you and/or your financial advisor would like more information on a Carolina Annuity or other estate gift options strategies and the impact your gift could have on Carolina student-athletes, please contact Beth MacKethan in the Office of Gift Planning at 919.962.6628 or bmackethan@unc.edu.
Patti Rouse, a graduate of the UNC Eshelman School of Pharmacy, is a familiar face to many. This life-long Tar Heel signed up to serve as an usher in the Dean E. Smith Center in 1987. After serving as an usher for concerts and other special events for a couple of years, she was assigned to basketball games in 1988 – and has not missed a season since. While Patti has never had to rely on The Rams Club for a basketball ticket, she has been a loyal member of The Rams Club since 1991. As Patti approached staged retirement in 2017 from her career in pharmacy, she wanted to create some security for the future – both hers and that of Carolina’s student-athletes. She contacted The Rams Club to learn more about charitable giving options, specifically life income options. After meeting with Carolina’s Office of Gift Planning, Patti moved forward with funding a Carolina Charitable Gift Annuity. When deciding which type of gift annuity to fund, Patti chose a deferred charitable gift annuity. This allowed her to fund her gift and benefit from the related charitable income tax deduction today but defer receiving payments until a future date. Since the annuity rate available to donors is higher the longer period that payments are deferred, Patti will enjoy a higher annuity payout when she is fully retired. And while she may be retired from her career in pharmacy, she has no plans to give up her role in the Smith Center any time soon.
PATTI ROUSE ‘89
CAROLINA FOREVER MEMBER
RAMSCLUB.COM
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